Compare Today’s Best Mortgage Rates in 2020
Current mortgage rates by term:
Term APR Interest Rate
10-Year Fixed Rate 3.01% 2.85%
15-Year Fixed Rate 3.07% 2.79%
20-Year Fixed Rate 3.50% 3.27%
30-Year Fixed Rate 3.52% 3.27%
What are today’s mortgage rates?
On Saturday, August 29, 2020, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.130% with an APR of 3.440%. The average 15-year fixed mortgage rate is 2.590% with an APR of 2.910%. The 5/1 adjustable-rate mortgage (ARM) rate is 3.330% with an APR of 4.020%. Check out our mortgage calculator for rates customized to your specific financial needs.
How Bankrate’s mortgage rates are calculated:
Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average rates for a wide variety of purchase loans.
Current Mortgage and Refinance Rates
The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single family residence. To learn more, see understanding Bankrate’s rate averages.